US equities are choppy, if moderately higher. VIX has been ground to the 16s. USD is u/c at 105.00. US 10yr 4.40%
sp’60min
VIX’60min
Summary
Price action feels pretty weak… as all bounces are being restrained by increasingly negative daily & weekly price momentum.
I’d like to see 4240 next Monday, but it doesn’t have to happen (even on a crashy timeline) until Wed/Thurs’.
Were I not writing for you, I’d be inclined to turn off my screen, and leave early for the weekend!
–
notable stock: F
Chatter of progress with the UAW.
–
notable weakness: TGT
HSBC ‘hold’ $140, which is rather laughable.
Giant psy’ $100 is on track.
—
notable fin: WFC
The only news I see is the appt’ of a new Vice Chair.
—
notable health: PFE
A new multi-year low, as young sports people across the world continue to… die suddenly.